CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Consensus Rating of "Moderate Buy" by Analysts

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.75.

CCCS has been the topic of several recent research reports. Barrington Research reiterated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Jefferies Financial Group cut their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Finally, Bank of America started coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a "buy" rating and a $15.00 target price on the stock.

CCC Intelligent Solutions Trading Up 0.7 %

NYSE:CCCS traded up $0.08 during trading hours on Monday, hitting $10.85. 2,054,382 shares of the stock were exchanged, compared to its average volume of 3,482,602. The company's 50 day moving average is $10.66 and its two-hundred day moving average is $11.08. The company has a market capitalization of $6.75 billion, a P/E ratio of -51.43, a price-to-earnings-growth ratio of 6.26 and a beta of 0.62. CCC Intelligent Solutions has a twelve month low of $9.79 and a twelve month high of $12.83. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $232.60 million for the quarter, compared to analysts' expectations of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. On average, sell-side analysts anticipate that CCC Intelligent Solutions will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael John Silva sold 29,022 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the sale, the insider now directly owns 30,172 shares of the company's stock, valued at $324,349. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the transaction, the insider now owns 30,172 shares in the company, valued at approximately $324,349. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Herb sold 20,887 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares of the company's stock, valued at $2,231,009.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 238,787 shares of company stock worth $2,418,609 over the last 90 days. Corporate insiders own 6.67% of the company's stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Hedge funds have recently bought and sold shares of the business. Procyon Advisors LLC increased its holdings in CCC Intelligent Solutions by 72.8% in the 3rd quarter. Procyon Advisors LLC now owns 79,500 shares of the company's stock worth $878,000 after acquiring an additional 33,496 shares in the last quarter. Strategic Wealth Partners Ltd. bought a new stake in CCC Intelligent Solutions during the third quarter valued at about $685,000. Norman Fields Gottscho Capital Management LLC bought a new position in shares of CCC Intelligent Solutions in the third quarter worth about $3,266,000. Ghisallo Capital Management LLC purchased a new stake in CCC Intelligent Solutions during the second quarter valued at $132,917,000. Finally, Maven Securities LTD purchased a new position in shares of CCC Intelligent Solutions in the 2nd quarter worth $2,778,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.